Answer:
$40 million
Explanation:
The computation of stock price is shown below:-
For computing the stock price first we need to compute the firm value which is below:-
Firm value = Free cash flow-1 ÷ (Weighted average cost of capital - Growth rate)
= $70.0 million ÷ (10% - 5%)
= $70.0 million ÷ 5%
= $1,400 million
Stock price = (Firm value - Debt) ÷ Number of shares
= ($1,400 million - $200 million) ÷ 30 million
= $1,200 million ÷ 30 million
= $40 million
Lyra induces Moe to enter into a contract for the sale of an apartment about which Lyra fraudulently misrepresents a number of material facts. Lyra tells Moe that her commission is 6 percent, but their signed, written contract states 12 percent. The Statute of Frauds governs (2) <u>contracts that must be in writing to be enforceable.</u>
Explanation:
<u>The statute of frauds refers to the requirement that certain kinds of contracts will be enforceable only if they are in writing</u>
<u> </u>
Even though the statutes of frauds vary from state to state, the following types of contracts must be in writing to be enforceable:
- contracts for the sale or lease of, or a mortgage on, real property (e.g., land, fixtures);
- contracts that cannot, by their terms, be performed within one year after the date the contract was formed;
- collateral contracts, such as promises to answer for or guaranty the debt or duty of another person;
-
promises made in consideration of marriage (i.e., prenuptial agreements); and
- contracts for the sale of goods valued at $500 or more.
yes I definitely affirm that the switch of Chrysler from LIFO to FIFO was beneficial to the stockholders mainly because the profit figure was increased.
In several ways, the change improved Chrysler's financial results in 1970. In addition to cutting the 1970s loss by $20 million, it improved Chrysler's working capital. The change also made the comparison with 1969 earnings appear slightly more favorable because, after restatement, Chrysler's 1969 profit was only raised by $ 10.2 million from the original figures.
Finally, the change aided Chrysler's balance sheet by increasing inventories and thus current assets by $150 million at the end of 1970 compared to LIFO. As Chrysler's profit has plummeted in the last two years and its financial position has tightened, auto analysts have been wary of the company's shrinking current asset to current liability ratio. Chrysler, on the other hand, paid to improve its balance sheet and results. The primary benefit of LIFO is that it reduces profit and thus tax liabilities.
Learn more about LIFO here:
brainly.com/question/15344569
#SPJ4
Answer: $18,700
Explanation
Net cash provided by the operating activities = $108,000
Add: Net cash provided by the financing activities = $16,000
Less : The net cash used for the investing activities = $118,500
The net increase in Cash will now.be:
= ($108,00 + $16,000) - $118,500
= $5,500
Add: Cash at the beginning of the year. This will be:
= $5500 + $13,200
= $18,700
Ending cash balance will be $18700
Answer:
I think that it's asset, but I'm not 100% sure on that one! sorry!!
